Question: Using the following adjusted trial balance, create an income statement, a statement of retained earnings, and a classified balance sheet for the year ended December
Using the following adjusted trial balance, create an income statement, a statement of retained earnings, and a classified balance sheet for the year ended December You can use a separate sheet of paper or the back of the next page:
tableImperial Consulting ServicesAdjusted Trial BalanceAccount Title,Debit,Credit,Account Title,Debit,CreditCashDefered Revenue,,Accounts Receivable,Common Stock,,Prepaid Insurance,Retained Earnings,,Office Supplies,Service Revenue,,EquipmentSalaries Expense,VehicleSupplies Expense,Accumulated Deprec. Vehicle,,Gas Expense,SoftwareUtilities Expense,Accumulated Amort. Software,,Tax Expense,Accounts Payable,,Total Debits Credits
Journalize the following transactions Use a separate sheet or back of the next page if needed descriptions not necessary pts :
Jul. Paid rent expense of $
Jul. Purchased inventory on account, $
Jul. Sold goods for $ Cost of $ Terms REMEMBER REVENUE AND COST ENTRIES
Jul. Cash dividends of $ were paid to stockholders.
Jul. Purchased inventory for $ Terms
Jul. Performed count of inventory supplies, determined $ worth of supplies were used
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